Whitbread plc (LON:WTB) shares shot up 0% during mid-day trading on Wednesday . The company traded as high as GBX 3,499.90 ($46.03) and last traded at GBX 3,530 ($46.43). 817,016 shares were traded during mid-day trading, an increase of 10% from the average session volume of 745,400 shares. The stock had previously closed at GBX 3,530 ($46.43).
A number of analysts have commented on the company. Citigroup Inc. downgraded Whitbread plc to a “sell” rating and decreased their target price for the stock from GBX 4,800 ($63.13) to GBX 3,200 ($42.09) in a research report on Tuesday, September 12th. Morgan Stanley restated an “overweight” rating and set a GBX 4,700 ($61.82) price target on shares of Whitbread plc in a research note on Tuesday, September 5th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 4,000 ($52.61) target price on shares of Whitbread plc in a research report on Wednesday, September 27th. reaffirmed a “buy” rating and set a GBX 4,800 ($63.13) target price on shares of Whitbread plc in a report on Tuesday, September 26th. Finally, Barclays PLC restated an “equal weight” rating and issued a GBX 3,925 ($51.62) target price on shares of Whitbread plc in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 4,122.44 ($54.22).
The firm also recently declared a dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 9th will be given a GBX 31.40 ($0.41) dividend. This represents a dividend yield of 0.84%. The ex-dividend date is Thursday, November 9th.
About Whitbread plc
Whitbread PLC is a hospitality company. The Company operates hotels, coffee shops and restaurants. The Company operates in two segments: Hotels & Restaurants, and Costa. The Hotels & Restaurants segment provides services in relation to accommodation and food. The Costa segment consists of operations of its branded, owned and franchised coffee outlets.
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